TIA / TetherUSLong
TIA Long Spot Trade (Reversal Potential)
Market Context:
TIA has faced a significant downturn due to distribution, but it appears to have bottomed after breaking out of its trend line resistance. The price has reclaimed its bear market range and is consolidating above support, signaling potential for a strong rebound.
Trade Setup:
Entry Zone: Around $7.40 (support level)
Take Profit Targets:
First target: $8.50
Second target: $9.85
Stop Loss: Just below $6.70
This setup leverages the breakout confirmation and support retest for a calculated risk-to-reward opportunity. Monitor for sustained price action above the breakout level.
TIA has faced a significant downturn due to distribution, but it appears to have bottomed after breaking out of its trend line resistance. The price has reclaimed its bear market range and is consolidating above support, signaling potential for a strong rebound.
Trade Setup:
Entry Zone: Around $7.40 (support level)
Take Profit Targets:
First target: $8.50
Second target: $9.85
Stop Loss: Just below $6.70
This setup leverages the breakout confirmation and support retest for a calculated risk-to-reward opportunity. Monitor for sustained price action above the breakout level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.